Nintendo has released its Q1 financial report for the fiscal year ending March 31, 2023, noting a decline in both net sales and movement of Switch consoles.
According to Nintendo, overall sales fell 4.7% to $2.3 billion. There were noted declines in both the video game platform and mobile sectors. The former saw a decline of 4.3%, while mobile, IP-related income fell 16.8%.
In hardware, Switch sales declined 22.9% to 3.43 million units partially due to the addition of the Nintendo Switch – OLED Model with its high unit price to the hardware lineup. But Nintendo said that factors such as the global shortage of semiconductor components impacted production, resulting in a decrease in hardware shipments and a subsequent decline in overall sales.
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